- BTC/USD has jumped till $429.80 yesterday and slightly declined from that level. It is currently trading around $422.
- Short term trend is still bullish as long as support $400 holds.
- The pair’s minor resistance is around $435 and any break above will take the pair to next level till $480/$502 is possible. Overall trend reversal can be seen only below $400.
- On the lower side below $400 will drag the pair to next level $380/$ trend reversal only below $348.
It is good to buy at dips around $410 with SL around $395 for the TP of $465/$480
The material has been provided by InstaForex Company – www.instaforex.com